In a press release on Tuesday, Bank of America Corp. (NYSE:BAC) reported that it will make a restitution payment of $25 million to the IRS, and through its resolutions with the OCC, SEC, and a Working Group of State Attorneys General, the Bank will make payments of $9.2 million, $36.1 million, and $62.5 million, respectively, to the counterparties affected by the practices.

Shares of Bank of America Corp. (NYSE:BAC) closed at $11.57 on Tuesday at just below resistance level of $11.81. There is only one major support below at $11.2. Resistance levels above are $11.82, $12.46, $13.29, $13.68, $14.11.Related Articles: